Answer:
The correct answer is: It allows economists to isolate or focus attention on selected variables.
Explanation:
The word ceteris paribus means other things being constant. The working of an economy is very complex, each variable is affected by a number of variables. It is difficult to understand all the complex relationships at the same time.
The assumption of ceteris paribus or other factors being constant helps the economists in isolating the variables that they want to study while keeping others constant.
It simplifies the study of economic models and helps to easily grasp the working of the economy.
50 - 15,5 = 34,5
34,5/25= $1,38 per ticket
The stock market is where shares of public limited companies are traded. An example is the New York stock exchange.
Answer: programming stage
Explanation: Programming stage in a recruitment process involves the organization implementing specific human resources activities, such as recruitment, training, and pay systems. However, in the scenario above, This treatment is taking place at the programming stage of the human resources planning process. She has not been recognized or rewarded for her work.
Answer: Raises the CPI and reduces real income.
Explanation:
Inflation is a sustained rise in the general price level of the goods and services in an economy during a particular period. It is usually expressed as a percentage. Inflation leads to a reduction in the purchasing power of a country's currency.
Real income reduces because a rise in the price level with nominal income constant reduces the purchasing power of money. People holding real assets are better off than people who are holding cash.